Where and How to Lend Lido DAO (LDO)

Introduction

Lending Lido DAO can be a great option for those who want to hold LDO but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. 1. Obtain Lido DAO (LDO) Tokens

   In order to lend Lido DAO, you need to have it. To obtain Lido DAO, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	Lido DAO (LDO)	1.00
   Bitpanda	Lido DAO (LDO)	1.01
   Uphold	Lido DAO (LDO)	1.00
   Kraken	Lido DAO (LDO)	1.04
   OKX	Lido DAO (LDO)	1.00
   Binance	Lido DAO (LDO)	1.03

   See all 17 prices

2. 2. Choose a Lido DAO Lender

   Once you have LDO, you’ll need to choose a Lido DAO lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Kucoin	Lido DAO (LDO)	Up to 0.50 APY
   Aave	Lido DAO (LDO)	Up to 0.00 APY

3. 3. Lend Your Lido DAO

   Once you’ve chosen a platform to lending your Lido DAO, transfer your Lido DAO into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to be Aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.